August 17, 2016 - Contax Partners’ Energy Feed

ENOC announces New Growth Strategy

Emirates National Oil Company (ENOC) has announced a new growth strategy that aims to cater to Dubai's energy needs while simultaneously developing an integrated upstream & downstream energy value chain. As part of its 5yr strategy (2016-2021), ENOC plans to focus its efforts & investments on expanding its refinery and service station network, building terminals storage capacity, and increasing its market share in the marketing of diesel, jet fuel and LPG.

Tecnicas Reunidas and Petrofac likely to win Aramco projects

According to industry sources, Tecnicas Reunidas (TR) and Petrofac are likely to win contracts for Saudi Aramco's Ras Tanura and Uthmaniyah plants. While TR is said to be the lowest bidder to build units for Ras Tanura's Clean Fuels Refinery project (worth c.USD 2bn), Petrofac is said to be the front-runner to build a gas treatment facility at Uthmaniyah gas plant (worth USD 600mn).

OPWP to issue RFQ for its new IPP

An RFQ for a new 800MW IPP, which will be plugged into the Main Interconnected System (MIS), is expected to be issued in the third quarter of this year. According to OPWP's timeline for the procurement of the 800MW IPP, an RFP will be issued to the prequalified developers in Q1 2017, with an award expected in Q3 2017. Post the award of the 800MW plant, OPWP plans the procurement of another mega power project with capacity of 2,700 MW. This plant, is planned to commence in 2022 and will be developed within the MIS. According to the proposed timeline for the 2,700MW plant, OPWP revealed that an RFQ will be issued in Q3 2017, an RFP is planned to follow in Q1 2018 and an award is expected to take place by Q1 2019.

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